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20121101
20121130
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FBC 61
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Search Results 0 to 49 of about 61 (some duplicates have been removed)
and the president fix the fiscal mess they put us in before it's too late? and the other side is about to about in congress that nobody is talking about. welcome to "the willis report." ♪ ♪ gerri: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes o
, columnist and michael goodwin. former u.s. investor john bolton. kt mcfarland. nationally renowned psychologi psychologist, and all among our guests here tonight to sort out what is happening. joining me, the election night eight-teanighta-team. let's start with this race as we look at what is happening here. the president rested today, although he did a number of interviews, went to the campaign staff. still campaigning. what do you believe that signifies if any. >> nothing. part of the strategy for the obama camp was the cost of supporting a candidate. president obama doing a lot of promoting. trying to make a last-minute play. we will see what happens. lou: what is your sense of what is happening? >> you said neither candidate could be comfortable read we saw them both assuming they had already locked up romney in virginia and florida. president obama in wisconsin of all places in pennsylvania, these were supposed to be safe. the heavy turnout is something in general you can find it favors one or the other. more people vote, the better. that will make it a better election, my be
very cool. that's all the "money" we have for you today. thank you for joining us. we hope you will come back tomorrow. zito was coming up next. gerri: hello. they may work for the government , but they are being treated like celebrities. that is right. fresh air raids over government workers who are getting special benefits during the storms. the nor'easter that followed this last night. adding insult to injury to the thousands of residents of new york's long island living. ahead of your state emergency minutes apart when the head of the diverted personnel to his personal use at a time when workers were in high demand , you just saw his picture, directing county workers to his house to jump up and remove a tree that had fallen across is dravite. he was an even living there at the time. fired after it came to light, but does not all. special health benefits for workers during the crisis. the federal office of personnel management line workers and retirees to get to a emergency rooms for caring a crisis. it's all covered by you, the taxpayer. additional supplies of medicine also
. the truth is no matter how many times the president uses the word compromise, the democrats control the senate and the white house and making it clear, tax hikes on those making about $250,000 are coming. the market thinks we are driving right over that fiscal cliff. take a look. since election day the major averages are down at least 5%. the dow, nasdaq, as and become even the russell 2000, small-cap stocks dropping sharply. so, where republicans go from here? we will hear from one congressman coming up. for now, joining us, we have met he declared from americans for tax reform, the group that has played a big part in shaping gop attitude toward tax policy. thanks for coming in the show. we have a lot of really surprising headlines tonight, but i want to start with this idea that the fiscal cliff is something, this is what the democrats are saying, that this is up to the president and the democrats. they say were not going to give the gop of voice. our way or the highway. and of the president starts every speech saying out compromise, but the ins in a totally different way. have yo
consensus. in order to do the peoples business. what folks are looking for, and i think all of us agree, we are looking for action. they want to see we are focuse on them and not focus on politics here in washington. gerri: compromise. he says the word compromise. why don't you buy? >> he said the word compromise, but he also said our challenge is to find compromise. 's right about that. there's a history there. we are not making these judgments based on nothing. we go back, we will do the debt ceiling, the way out ofhe debt ceiling negotiation to create a super committee. going to he super committee and look at what they did. they worked on a come they couldn't come to an agreement. they cannot find a compromise. so they punted and kicked it down the fiscal cliff. now, you're facing this fiscal cliff. they will revisit these issues in 2013 and put in ome longer term structural reforms both on the tax side and the entitlement side. i am pessimistic that we will see anything serious done in the short-term and long-term. gerri: i want to ask your opinion about an outlier opinion, americans fo
. what democrats want to do really -- what they want to do is use this moment with maximal pressure to force through a deal on taxes that allows the 250,000 and above grateful backup to the clinton rate and then push through a long-term extension for everything under that. now, you also have the sequestration cuts for programs and kick it forward six months and try to make it part of his bigger broader plan. gerri: republicans want to do is fix some of these loopholes that make the tax code so poplar as far as does lycos. >> you get more revenue because you are simplifying th code. the economy gets a boost, but maybe you cannot deductions for upper income folks. maybe they do end up paying a little bit more. the president still makes me sound out like he is talking about race -- rates. gerri: if he wants to raise taxes, so be it, it will put us into a recession. and they're willing to go along with the administration pay the price for do you think that's the right interpretation of what is going on? >> not exactly. i think that yes, they want a president to take the fall. they are w
which don't give us a clue to who will win tomorrow. big question now is, who has the momentum? ed, hootie you think has the momentum? >> i think romney has the momentum back. he lost a little bit last week when sandy came into our lives and governor christie threw his arms around the president before he jumped on an airplane and flew off to las vegas for a fund-raiser. i think it's kind of got back up again. people are looking hard at the four years and not for ours and basically i think romney is a good alternative and that think people are moving toward him. number seven proved, and that think the polls of tightened up. gerri: andrea, we have an old saying on wall street that traders talk their buck. frankly, i think that is what has been going on with the campaigns when they talk to the media. they're all saying that the candid is going to wind. clearly not true. can you believe a word coming out of the mouths of these people who work for the campaign's? i mean, they both can't win. >> that's absolutely right. and you know what, i sympathize with the press team a little bit bec
, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief of runner's world which follows all of this. i will start with you, what has been the response from people you have been talking to all day long about this idea of having a marathon in the wake of sandy? >> people wanted it canceled. when it was announced it was being canceled i asked lice officers what they felt about it and they responded in unison "good." now a girl we spoke to earlier, you got choked up, you're very emotional that the marathon would be run. what is your reaction? >> i am relieved. the right people are here taking care of what needs to be focused on witches for the city and staten island who is the unknown borough. >> since it is known that was heard. the smallest voice was the largest today. what would you say to michael bloomberg about the decision to cancel? >> thank you. take care much because now the officials can pay
and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p da back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning post for people in this country who can't seem to get our spending under control? >> i think it should be a warning. the entire situation should be a wake-up call. but even in europe, they are not recognized in the wake-up call. they are not d
are behind us. i'm not throwing out announcing turkey because of that. that is all the "money" we have for you today. "the willis report" is coming up next. gerri: tonight, wall street seems to think a deal is done. but what i about washington? plus, a look at the most innovative tech gadgets. welcome to "the willis report." ♪ ♪ gerri: hello, everybody, i am gerri willis. forty-two days until the united states jumps off the fiscal cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. go
went wrong. stay with us. gerri: we talk a lot about freedom on this network. the freedom to start your own business, to invest, but with freedom comes responsibility. there's a lot of people just blow it. i'm highly critical of the way government operates and we spent a lot of time criticizing the feds and state and local governments. some folks in the ceo suite on making some of the same mistakes. you have every reason to complain. case in point today, former ceo of hewlett-packard. no one of my colleagues at fox business nominated him as the worst ceo of all-time. in his rush to write the ailing company, they restructure the legendary pc business and bought a british software company called autonomy. oracle decided to take a pass. hp should have done the same because today it had to take $9 billion accounting charge after finding out they have serious accounting i improprie improprieties. the write off wiped out the company's profits. at least the traders at jpmorgan lost $5 billion new or taking a gamble. which raises the question, isn't that what due diligence is for and why did tw
and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world report, give the cliff another name, and that would change the entire impact on its problems. the reality, though, is this. you'll pay higher taxes in all likelihood. consider these numbers from the tax policy center. middle class earners, folks with an income of $64,000, their rate increased 3 #.8% or $2,000. upper middle class folks, $108,000 in income, family of four maybe, two people working, your rate is 4.2% or $3500. if you make more than half a million, watch for a more than 5 #% hike in taxes or $15,000 tax increase. in rich land, earners of more than $2.5, an 8% increase in the rate, and this is how much more you pay. this is what they call fair and equal, dividing all the responsibility. i don't know, that's not what it looks like to me. the mainstream media says, forget it, it's not important. take whatever income you have, move the bonuses to calendar 2012, sell stock losers next year, and if you are gifting money to the kids arian grand kids, do it this year when taxes will be far lo
that republicans have been mandated, he wants more spending and he's not giving us any entitlement savings and on top of that, like you mentioned, he has no limit on his authority. so he's spending just as he has over the past four years into oblivion. gerri: so there is no debt ceiling. he has a checkbook, he can use it anyway that he wants to. that is shocking and astonishing to many folks. there is also this. the president has talked over and over again about a balanced approach. everybody has to give up something. everybody gets a little something. so he proposes $1.6 in tax hikes. only 400 billion in cuts. in what way is this balance? >> i think this has been a mistake the republicans have made. i do not believe that we have a revenue problem. in the long run, we have a spending problem and it is mostly an entitlement problem. i think it was a mistake for speaker boehner and others for revenue on the table to begin with. that being said, they all agree in a balanced approach. what the president has put forward, it does not even address the problems. if you don't start negotiations tal
to consider their home their bigst investment, and 31 percent of us still owing more than our home is worth, you may be wondering how we can possibly see a silver ng in the housing market. you want more evidence? phoenix arizona, a market that was the poster child for housing problems. the overbuilt domination leading foreclosure, entire neighborhoods abandoned and in disrepair. today prices are up 25% so far, and track to finish up 30%. to be sure that is not as big again as the decline, but the city is poisedfor real recovery the same story of recovery is playing out in miami, san francisco, sanjose, seattle. big loseers staging convincing turnaround. i ink this may be the most important story of the year, and not when you're likely to hear much about. the media likes to avoid good newsheadlines. the headline, if it were written, would be, housing is the best opportunity for americans with ready cash. a strng recovery, lower interest rates, low prices. how you can make ut like a bandit. that's a right to it. all-star panel. and michael lawson, research and will -- analyst. welcome all. w
with robert bryce senior fellow at the manhattan institute. he tells us what another four years means for america's energy policy. we assumed it was safe to betshw that the president would bebethe doubling down on his re administration. his new >> i hope he takes a differente tack. we see solyndra, begin, begin pr power to raise fuel. gerri: we just show a whole list . >> and it is extraordinarily costly for the taxpayer. a better path if he is really interested in green technologyis or clean technology is setsted e reform the research and development efforts at the federal level so that if there is some breakthrough to be att3 the federal government can findh eakthr clearly this venture-capital model has failed. gerri: some breakthrough to be found : company have found it already? and me, that seems to be the>> u lows to of theld most logical.ga the president gave us a little sneak peek in his acceptance he speech. a listen to this.s >> we want our children to live in america that not burdened byi debt, not threatened by thebuen destructive power of zero warming planet. a i am looki
limited the amount that you can do. would you can is us the law as, perhaps, an outlet for reforming entitlements. that is oe thing that obamacare, that may be the legacy. this he competion for resources. the big health care entitlements. republicans will have some say as to how thatlays out. gerri: what you're saying is, it sounds like what you're saying is some of the money could b diverted some morales. >> the irony of a lot of this healthare politics is that democrats criticize paul ryan for the premum support plan for medicare reform. the obamacare exchanges which apply to people who are a low-middle incomalso is a premium support plan. so democrats have an argument against applyg the obamacare racing just medicare? d mean, they like obamacare. what would be so terrible about migrating seniors into the obamacare exchange as a way to reform medicare using a democratic approh. gerri: you're turning the law and set a little bit there. interesting florida, for example , medicare and medicaid. very important. 27 percent of dotors are not accepting medicare patients right now. is that
and representative michael graham is on the phone for us. congressman, we have been watching pictures from your district, staten island, for days now. how is it going there? are we into recovery mode? is it still rescue mode their? >> well, you know, we are just entering the recovery mode at this point. today, there were four bodies found. talk about heart wrenching and horrific things that have happened here in staten island. you know, the most deaths and i would expect that unfortunately, there is a good chance they will find more bodies as they start going door-to-door at the people who did not get out. they found a couple the earlier part of today, an elderly couple that did not get out. no one knew that they did not develop. these are the things that will cost death toll to rise. it is beyond words, this tragedy. gerri: it surely is. what is that? >> i am standing where there were two fatalities and the house is completely missing -- nothing left. just the foundation. gerri: there are lots of residents in your district said they are getting the help they need. are you doing everything you
companies for several years. that is a dead dream. charles: all right, we have to leave it there. join us tomorrow. suzanne somers and david stockton. thank you for watching, good night. gerri: hello, everybody. i'm gerri willis. it has been said the definition ofinsanity is during the same thing over and over again and expecting different results. how does this apply to obama's next four years in office? it's no secret is foray into a venture capital did not go so well. many hemorrhaging ch by the day. others have gone bankrupt altogether. i recently sat down with robert bryce senior fellow at the manhattan institute. he tells us what another four years means for america's energy policy. we assumed it was safe to betshw that the president would bebethe doubling down on his re administration. his new >> i hope he takes a differente tack. we see solyndra, begin, begin pr power to raise fuel. gerri: we just show a whole list . >> and it is extraordinarily costly for the taxpayer. a better path if he is really interested in green technologyis or clean technology is setsted e reform the resea
. >> to be as conciliatory as possible i want to work together and to understand and they cannot push us around. gerri: what? >> i am willing to work with anybody by he wants to go back to clinton in tax rates creating 23 million jobs. and for these rates you will be campaigning in you'll see bill clinton play of role to broker the deal, make the case publicly but to solve the problem out on the trail again. >> isn't this a different era? it is completely different. doesn't make sense to do that now? >> with the tax is enacted 1993 it was economic growth accelerated after the congressional republicans agreed on capital gains tax when the economy started to roll or. most will say it is not a good idea to raise tax rates and a period of sluggish growth. it is counterproductive what will really raise revenues is the late 1990's which is more rapid economic growth. when you have vibrant growth you get said gusher of revenue with the cbo that comes and we have a progressive tax system. gerri: but the stakes are very high. but some house some side wins or loses? we will be in a recession again. the economy will c
with these campaigns. we have been watching all of these myriad polls which don't give us a clue as to who will win tomorrow. big question now, who has the momentum. who do you think has the momentum? >> and romney has it back. he lost last week when sandy came into our lives. governor christie put his arms around the president before we jump on an airplane and flew off to las vegas for a fund-raiser. i think it is kind of caught back up again and be looking hard at the four years and not for ours. moving toward them. gerri: we have an old saying on wall street. traders talk their buck. that is what is going on with the campaign when i talk to the media. they're all saying that the canada is going to win. it's not clear. can you believe a word coming out of the mouths of these people who work for the campaign's? they both can win. >> that is absolutely right. and i do sympathize with the press team a little bit because i used to do that job. remember having to go out, but under game face, make sure you look good, lipstick on. the only poll that matters is the one that happens tomorrow. i really do
. tomorrow toys 'r' us ceo is nexthe program. to him. fox business. gerri: hello, everybody, i am gerri willis. corruption, criminal charges and hundreds of thousands of dollars in ill-gotten gains. not talking about the underworld of mob bosse i'm talking about wall street. the biggest insider trading case ever. coming out just as individual investors across the country getting more and more comfortable investing in the stock market again. a former hedge fund manager making over a quarter billion dollars. the former chairman of the sec, harvey pitt and doug burns. welcome to you both. i want to go over a couple of facts in the case as we know it right now, which is not everything, not by a longshot, but here's what we know. a hedge fund manager receives insider information, secret trials. an alzheimer's drug. he finds out the results before anybody else and trades on it. he sells his stakes in a couple of drug companies and assures them. you have said both wall street has developed a reputation of not caring, which individuals ke of this story? >> theefact is terrible economic conditio
-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came down to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual protests came down to. it was organized by organization called our walmart, the shadow union for the non-union walmart and well-organized by united food andommercial workers union which is trying to organize at wal-mart. take a look at what the company has to say, speaking for walmart was vice president who said best black friday ever and our walmart organization was unable to recruit a small number of associates to participate in these made-for-tv events. i covered it out there today and if it was made for tv it was made particular
. the president needs to tell us what he is willing to do in terms of internal reform because you cannot solve the problem without the spending control, finding savings command real entitlement reform as well as the tax reform. we are reaching out when we say close the loopholes, put revenue on the table. now he needs to come back and tell us what he's willing to do. gerri: at think he was the income tax rate to change. less concerned abut the deductions and loopholes. is tre any way you can come to agreement on that? >> think about that. we have said by closi loopholes, limiting deductions we will provide more revenue, and the real revenue will come from economic growth. we have to be pro-growth tax reform. we stimulate investment, business investment and getting peoole back to work. the real revenue growth comes from a growing economy. you don't want to kill economic growth and end up with less revenue. we are reaching out, providing the revenue, but doing it in a way that gets people back to work and generates revenue from growth. gerri: i have to tell you, what i hear are people who are co
are in new york, and new jersey. and it seems reminisce en of hurricane katrina look at this nypd used helicopters that is to pluck people from rooftops in some new york city neighborhood, new york governor cuomo said limited come outer rai outer ral service h resumed. some commuter trains are still without power, some trashes washed away. the water making the important decision, amtrak service on north east corridor is mostly suspected. stranded air travelers get something relief, two of new york city's three major airports are open, njk and newark liberty, laguardia we heard, will hope tomorrow morning. african selling 20,000 flights since sunday, -- after counselling 20,000 flights since sunday, limit service are up again. the clean up of floods continues, rescue tradings on going. and mayor of hoboken issking people to bring boats to city hall to help rescue stranded residented. national guard bringing food and helping with evacuations, testimony take days, and weeks and months for the clean up process across regn, we go to fox news jonathan hunt, live in hoboken, new jersey, acros
Search Results 0 to 49 of about 61 (some duplicates have been removed)

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